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['Aalim Network QR] Automobile Leasing and Financing
- Subject: ['Aalim Network QR] Automobile Leasing and Financing
- Date: Mon, 23 Mar 1998 21:29:51 +0000
- From: Ummulbanin <[email protected]>
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| In the Name of Allah, the Compassionate, the All-Merciful |\
| Greeting of Allah be upon Muhammad and the pure members of his House |\
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Assalamu 'alaykum
The following question was answered by Shaykh Mustafa Jaffer.
Salaams & Duas
Ummulbanin Merali - Moderator - 'Aalim Network
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QUESTION:
What is the proper way of leasing and financing a car. Is it haram to lease
or finance a car through a bank or financial institution. Must all leasing and
financing be done through an Islamic institute.
ANSWER:
It is not Haraam and it does not necessarily have to be done through Islamic
institutions.
With Salaams and Duas
Mustafa
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